Artemis Investment Management LLP Purchases Shares of 398,876 Smurfit Westrock Ltd (NYSE:SW)

Artemis Investment Management LLP purchased a new position in shares of Smurfit Westrock Ltd (NYSE:SW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 398,876 shares of the company's stock, valued at approximately $21,483,000. Artemis Investment Management LLP owned about 0.08% of Smurfit Westrock at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SW. Contravisory Investment Management Inc. raised its stake in shares of Smurfit Westrock by 2.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 14,189 shares of the company's stock valued at $764,000 after acquiring an additional 365 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Smurfit Westrock during the fourth quarter worth $25,000. Mather Group LLC. purchased a new position in shares of Smurfit Westrock during the third quarter worth $25,000. Versant Capital Management Inc purchased a new position in shares of Smurfit Westrock during the fourth quarter worth $27,000. Finally, CVA Family Office LLC acquired a new stake in shares of Smurfit Westrock in the third quarter valued at $26,000. Hedge funds and other institutional investors own 83.38% of the company's stock.

Smurfit Westrock Stock Performance

NYSE SW traded up $0.73 during trading on Monday, reaching $52.95. 2,722,620 shares of the company's stock were exchanged, compared to its average volume of 2,869,365. Smurfit Westrock Ltd has a 1 year low of $38.55 and a 1 year high of $56.99. The firm has a market cap of $27.54 billion, a PE ratio of 294.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 1.48. The stock has a 50 day simple moving average of $53.56.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 15th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Friday, November 15th. Smurfit Westrock's payout ratio is 672.26%.

Analyst Ratings Changes

SW has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on Smurfit Westrock from $53.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, October 7th. Royal Bank of Canada reissued an "outperform" rating and set a $58.00 price target on shares of Smurfit Westrock in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective on shares of Smurfit Westrock from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Barclays increased their target price on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, Citigroup boosted their price target on shares of Smurfit Westrock from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Smurfit Westrock has a consensus rating of "Moderate Buy" and a consensus price target of $60.56.

Insider Transactions at Smurfit Westrock

In other news, insider Saverio Mayer sold 25,000 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total value of $1,371,000.00. Following the transaction, the insider now owns 149,911 shares of the company's stock, valued at approximately $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.